Australian regulator ASIC announced that it welcomes the authorisation by the Minister for Revenue and Financial Services of the operator of the new single external dispute resolution (EDR) scheme for consumer and small business complaints: the Australian Financial Complaints Authority (AFCA). AFCA will be able to deal with complaints about financial firms including banks, credit…
Read moreThe Monetary Authority of Singapore (MAS) announced that it will introduce regulations to require over-the-counter (OTC) derivatives to be cleared on central counterparties (CCPs), with effect from 1 October 2018. Central clearing will make the trading of OTC derivatives in Singapore safer as it mitigates counterparty credit risks inherent in these trades. The mandatory clearing…
Read moreThe high trading volume on the cash markets since the beginning of the year has led to new records in ETF trading on Xetra, Europe's platform for exchange-traded funds, Deutsche Boerse announced earlier today. The first quarter of 2018 saw a total of more than 1.9 million orders executed, the highest number since the products…
Read moreNEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today its trading statement for the month of April 2018. Spot FX results were USD83.4 billion, 10% lower than previous month. US Treasury’s numbers were also down with 18% MoM. The complete results can be seen in the table below:…
Read moreRetail forex broker FXCM Group, LLC announced that it has today launched an Effective Spread Widget. The widget shows the FXCM quoted spread for its top FX pairs, overlaid with the spread at which trades were filled (the Effective Spread), the difference being clearly displayed in a table key. FXCM launches a brand new tool…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Marc Hermann Wealth Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
Read moreAustralian regulator ASIC has just announced that it cancelled the registration of 117 approved self-managed superannuation fund (SMSF) auditors who did not lodge their annual statements. Notice of cancellation was sent to these auditors on 20 February 2018. On 10 November 2017, ASIC sent a final warning to 404 approved SMSF auditors with outstanding annual…
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LeapRate Exclusive... LeapRate has learned that FCA regulated CFDs and spreadbetting broker Capital Index (UK) Limited, owned by author and self proclaimed Master Trader Greg Secker (pictured above), posted a net profit of £398,000 in 2017 although the company saw a decline in both Revenues and Client Funds held. Revenues for 2017 at the MT4 broker…
Read moreThe Autorité des marchés financiers (AMF) has just issued a public warning regarding the activities of the website https://epargne-eco.fr/, proposing savers to invest in various projects and pretending to be a crowdfunding advisor (CIP) – or about to be registered. The website https://epargne-eco.fr/ offers investors the opportunity to invest in different kind of projects as…
Read moreInternational derivatives broker Sucden Financial has appointed Darren Barker. He will be joining the company's FX team and helping to expand its institutional client base, selling the firm’s broad range of electronic and voice services. Barker has over 30 years of experience in FX and specialises in selling a full range of FX products to…
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